It Turns Out Price Does Matter
By Tyler Balliet • Jan 21st, 2008 • Category: Futures of Wine
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According to an article on CNET, researchers have found “the sensation of pleasantness that people experience when tasting wine is linked directly to its price.” Basically, people like a wine more if they think it costs more. This probably doesn’t come to much of a surprise to anyone working in a retail or restaurant setting. Wine, like all consumer goods, is perceived to increase in quality with the price. However, it’s pretty crazy that people actually enjoy a wine more when they think it costs more.
Most of us winos are guilty of playing into this. When I visited my family for Christmas a few years back, I didn’t bring home a bottle of 1985 Charles Heidsieck Champagne because I knew that no one would know what it was. Instead, I brought a 1998 Dom Perignon because everyone knows the brand and they also know it costs $150 a bottle. I didn’t necessarily want to impress them with the price, but I did want them to appreciate the bottle.
The same year I brought to my family - avid wine drinkers, but not discerning ones - a number of bottles ranging between $25 and $50 a piece. I also ran out and bought some extras, because we’re from Wisconsin and we drink a lot, for around $10 a bottle. Having no information on the price or quality of the wine, my family commented and loved the $10 bottles just as much they did on $50 ones. This isn’t bad, in fact it’s GREAT, because the $10 ones were still good wines. Plus, from now on, I can spend $40 less per bottle and people are just as happy.
For this reason, I rarely bring a fancy bottle anywhere. It’s just not needed. In most situations, the wine isn’t the focus and unless you tell everyone how much you spent - soooo tacky - most people won’t realize the difference between and good $15 bottle and a good $50 bottle.

